Wheaton Precious Metals Corp

WPM

Equity

ISIN CA9628791027 / Valor 36429694

Toronto Stock Exchange (2024-12-24)

CAD 82.62+0.23%

Wheaton Precious Metals Corp
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About company

Wheaton Precious Metals Corp is a leading precious metals streaming company, providing investors with cost predictability and direct exposure to rising precious metals prices. With a high-quality asset base, the company offers a unique investment opportunity in the precious metals sector. Wheaton Precious Metals Corp's business model involves providing upfront financing to mining companies in exchange for the right to purchase a percentage of their future precious metals production at a predetermined price. This allows the company to benefit from the upside potential of precious metals prices while minimizing operational risks associated with traditional mining operations.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue Growth

Wheaton Precious Metals Corp reported a significant increase in sales for the third quarter of 2024, reaching $308.3 million compared to $223.1 million in the same period of 2023. This growth reflects the company's strong performance in its precious metals streaming operations.

Cost of Sales

The total cost of sales for Wheaton Precious Metals Corp in Q3 2024 was $110.8 million, up from $96.2 million in Q3 2023. This increase is attributed to higher depletion costs, which rose to $55.5 million from $46.4 million in the previous year.

Net Earnings

Wheaton Precious Metals Corp achieved net earnings of $154.6 million in the third quarter of 2024, an improvement from $116.4 million in Q3 2023. This increase in net earnings is a result of higher sales and improved operational efficiencies.

Earnings Per Share

The basic earnings per share for Wheaton Precious Metals Corp in Q3 2024 were $0.341, compared to $0.257 in the same quarter of the previous year. This increase reflects the company's enhanced profitability and shareholder value.

Dividends

During the third quarter of 2024, Wheaton Precious Metals Corp paid dividends totaling $69.98 million, slightly higher than the $66.99 million paid in Q3 2023. This consistent dividend payout underscores the company's commitment to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

24.9%1Y

52.3%3Y

112%5Y

Performance

28.2%1Y

29.8%3Y

34.5%5Y

Volatility